Trump administration looks at allowing longer extensions to remote offshore wells

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing ...

The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.

Oil companies operate 68 offshore deepwater platforms in the Gulf of Mexico. To keep costs in check, companies often drill new wells within about 25 to 30 miles of these existing platforms, and connect those new wells with what are known as tiebacks.The U.S. Bureau of Safety and Environmental Enforcement is reviewing policies that limit the length of those tiebacks, director Scott Angelle told Reuters on Monday. More details will be available later this year, he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines